Owners and contractors have two choices for the type of contract and agreement to use: fixed price or cost-plus. Both types of contracts have their advantages and disadvantages, but let's look further ...

Incorporating tariff-specific escalation and change-in-law clauses into contracts helps protect parties from unforeseen cost increases. Legal provisions like force majeure should be tailored to ...

Lump-sum -- or fixed-price -- construction contracts now account for about half of all contracts in the U.S., according to industry think tank PSMJ Resources. Generally speaking, both sides favor lump ...

A model clause addressing climate-conscious waste management practices for a government construction project that government entities may incorporate into their own construction contract forms or ...

The construction business is risky enough without contractual unknowns. Lower your risk by using this basic checklist for reviewing contracts. Unfortunately, most contracts and subcontracts aren't ...